Marketbuzz Podcast with Kanishka Sarkar: Market headed for muted start, US prez debate, crude price in focus
Listen now
Description
Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of September 11 -GIFTNifty was lower this morning, trading at a discount of more than 10 pts from Nifty Futures Tuesday close, indicating a flat-to-negative start for the Indian market. -The next two sessions are crucial for the index. While today, i.e Wednesday will be the weekly expiry of Nifty Bank, the Nifty's weekly contracts expire on Thursday. Broader markets also staged a rebound after Monday's underperformance. -Now Nagaraj Shetti of HDFC Securities says Nifty faces a crucial resistance at 25,200 levels. A decisive move above this can open further upside towards new all-time highs with immediate support at 24,900. -Stocks to track: Reliance Industries, Dr. Reddy's Laboratories, Pidilite, Oil India, IREDA, Goa Carbon, Ramco Systems, Lemon Tree Hotels -Asian stocks slipped Wednesday on growth concerns ahead of a US inflation report and as markets prepared for the knock-on effects of a presidential debate. Back in the US, the S&P 500 rose 0.4% with a Bloomberg gauge of the “Magnificent Seven” megacaps jumping 1.5%. -Crude has tumbled by almost a fifth so far this quarter on concerns that slowing growth in the US and China, the leading consumers, will crimp demand at a time of robust and expanding supplies. -Sparring on politics and personality, Kamala Harris and Donald Trump showcased their starkly different visions for the country as they met for the first time for perhaps their only debate before November's presidential election, a high-pressure opportunity for the candidates after a tumultuous campaign summer. Tune in to the Marketbuzz Podcast for more cues
More Episodes
Marketbuzz Podcast: Indian markets may open in the red according to the GIFT Nifty. Watch out for stocks like Vodafone Idea, Zomato, IRFC and others.
Published 11/14/24
Marketbuzz Podcast: Indian markets may open in the red according to the GIFT Nifty. Watch out for stocks like Reliance Industries, Swiggy, NTPC and more.
Published 11/13/24
Published 11/13/24